|W.I.L. Home Page||Offshore News Digest Home|
G-7 BACKS AWAY FROM EU TAX PLANMore on this story here.
Swiss banks welcome U.S. opposition to EU tax plan.More on this story here.
US opposes plan to share savings data with EU.More on this story here.
CONGRESSIONAL LOG JAM MAY SINK ANTI-OFFSHORE BILLS
WASHINGTON: With only 2 weeks remaining before election year adjournment, anti-tax haven bills may die in the last minute rush.More on this story here.
But Capitol Hill sources say the US Senate this week may consider a bill (H.R. 5063) that hurts the tax treatment of US expatriates.More on this story here.
BAHAMAS GOVERNMENT TALKS A GOOD GAME
NASSAU: New government keeps talking about consulting the offshore business sector, but when will they actually do anything to reverse the slide?More on this story here.
PANAMA PLEADS FOR RETURN OF AMERICANS
PANAMA CITY: Many miss the gringos and their millions.More on this story here.
DOMINICA BOOSTS ECONOMIC CITIZENSHIP FEES
ROSEAU: One of only two nations selling fast track economic citizenship raises its investment fees from $35,000 to $150,000 +.More on this story here.
ST. KITTS-NEVIS, the only other nation selling ECs, now is a much better bargain, says Henley & Partner of Zurich.Link here.
FREE GIBRALTAR GETS EXTENDED LEASE ON LIFE
UK Labour plans for a deal with Spain on The Rock's future delayed; Gibraltar government Nov. 7 referendum will go ahead.More on this story here and here.
ISLE OF MAN GOES HOLLYWOOD
DOUGLAS, IoM: Tax haven 'goes Hollywood' + investments.More on this story here.
HONG KONG REAL ESTATE COLLAPSE CONFIRMED
Deflation continues to rock slumping economy.More on this story here.
BRUNEI A COMING TAX HAVEN?
Bandar Seri Begawan, Brunei: Oil rich sultanate seeks status as an offshore financial center to augment oil as major income source.More on this story here.
BRUNEI? Who/where?Background here.
WEEP FOR THE POOR OLD I.R.S.
The Washington Post gets out the crying towel for the supposedly beleaguered bureaucrats at the Internal Revenue Service.More on this story here.
US SUES “TAX CONSULTANT”
TAMPA: Florida man sued by the US DoJ for promoting tax evasion.More on this story here.
IRS CHANGES "S" CORP VALUATION RULE
Reversal hits taxpayers with huge tax liability.More on this story here.
PROTECT YOUR ASSETS: GO OFFSHORE
George Will explains how Americans are getting sued to death.More on this story here.
MAJOR NATIONS HELP WORLD DEBTORS DODGE PAYMENT
New “sovereign bankruptcy” plan bails out stupid bank loans.More on this story here, here, and here.
BRITISH LABOUR EDGES TOWARD EURO REFERENDUM
LONDON: Blair eyes a national vote on dumping the pound sterling.More on this story here.
EUROPEAN STOCK EXCHANGE REFORMS
BRUSSELS: EU financial markets get a needed dose of freedom.More on this story here.
COORS HONCHO FALLS FOR HIGH YIELD STORY
Joe Coors believed now indicted con man's promise of 75% weekly returns; $40 million invested in bogus bond trading scheme. Note: Do not invest in so-called “high yield” programs. We have yet to have heard of one that did not end up yielding -100%.More on this story here.
ADVICE FOR OFFSHORE EXPATS
Getting your credit ratings in good order.Link here.
The best way to get your mail from back home in the USA.Advice here.
WHY AND HOW THE RICH USE TAX HAVENS
The Guardian offers an interesting catalogue of offshore possibilities.More on this story here.
U.K. HAVENS “HERE TO STAY”?
British Labour denounces tax havens, but uses them secretly.More on this story here.
SWISS PRESIDENT STAYS ON TO COUNTER E.U. THREATS
BERN: Pres. Kaspar Villiger delays retirement due to European Union pressure to compromise country's bank secrecy laws.More on this story here.
EU threatens boycotts against Switzerland.More on this story here.
ISLE OF MANN GDP SOARS FOR 18TH YEAR
DOUGLAS: Isle's GDP up 8.78% (5.3% after inflation).More on this story here.
The status of trusts on JERSEY.More on this story here.
WHAT'S REALLY HAPPENING IN THE BAHAMAS
NASSAU: A candid look at the slipping offshore financial sector.More on this story here.
Bahamas Supreme Court ruling reinforces banking secrecy.More on this story here.
BRITISH VIRGIN ISLANDS FINANCE HEAD HITS O.E.C.D. BIAS
ROAD TOWN, BVI: Clean your own house, he says.More on this story here.
E.U. COURT PREEMPTS NATIONAL TAX LAWS
BRUSSELS: Two rulings undermine member state tax laws.More on this story here.
SURPRISE, SURPRISE: USA PATRIOT ACT DRIVES HEDGES OFFSHORE
WASHINGTON: Hedge funds are moving offshore to escape rules.More on this story here.
DUBIOUS DIRTY CASH FIRSTS FOR 2 U.S. BANKS
US Treasury's Financial Crimes Enforcement Network (FinCEN):
(1) Imposes first bank fine for failure to file a suspicious activity report: Story
(2) imposes first fine on a bank under USA Patriot Act: Story
G-7 BACKS F.A.T.F. ASSET FREEZE PLANS
Anti-terrorism justifies just about anything these days.More on this story here.
INSIDE LATIN MONEY LAUNDERING
An extensive look at peso black market money laundering.More on this story here.
POLITICIANS ARE AUTOMATIC SUSPECTS
Poetic Justice: New anti-money laundering software targets 280,000 named people.More on this story here.
SWISS RE-FREEZE ABACHA FUNDS
Settlement aborted, Nigerian dictators millions again frozen by Swiss.More on this story here.
KOREA CLAIMS US$6.6 BILLION IN ILLEGAL FOREX
SEOUL: Over 2,000 cases of alleged offshore cash transactions.More on this story here.
NEW RUSSIAN ANTI-MONEY LAUNDERING LAWS
MOSCOW: A concerted effort to get off the FATF blacklist.More on this story here.
E.U. BACKS DOWN ON WORLD CRIMINAL COURT
BRUSSELS: US government officials and military exempted.More on this story here. Cato Institute's case Against the International Criminal Court here.
ARE YOU ON THE GOVERNMENT'S SECRET NO-FLY LIST?
Unknown bureaucrats compile secret list of excluded air travelers.More on this story here.
RUSHED FLYERS SURRENDER PRIVACY
75% of those polled say they would submit to fingerprinting, eye scans and facial recognition scans to speed up airport processing.More on this story here.
FELLOWSHIP OF THE CLUELESS
ABC Poll: Only 1 in 5 thinks massive curbs on liberties affect them.More on this story here.
MAJOR CORPORATIONS HIT BY OFFSHORE CONTRACT BAN
WASHINGTON: US Congress curbs on government contracts with ex-US firms that re-incorporate offshore may cost four of them $2.7 billion +.More on this story here and here.
HIGH TAX POLICIES DRIVE CAPITAL OFFSHORE
The Trend Toward Totalitarian Government - provocative exposition that highlights how far along the road to serfdom we actually are. Check out the latest proposals from the world government pontificators.More on this story here.
OFFSHORE PROFESSIONALS ATTACK O.E.C.D. STAND
LONDON: 8500 member Society of Trust & Estates Practitioners (STEP) challenge OECD claims against offshore tax havens.More on this story here.
Summary of US official opposition to the EU savings tax directive.More on this story here.
E.U. BULLIES CONTINUE TO THREATEN SWITZERLAND
ZURICH: More EU sanction threats over bank secrecy anger Swiss.More on this story here and here.
LIECHTENSTEIN-U.S. MLAT OPPOSED
VADUZ: Some Liechtenstein leaders object to possible privacy violations.More on this story here.
COSTA RICA PLANS BIG TAX INCREASES
SAN JOSE: Domestic and offshore businesses will be hard hit.More on this story here.
PANAMA U.S TAX TREATY?
If negotiations between Panama and Washington defy insider prognosticators and produce a result, here is what a tax information exchange treaty might look like.More on this story here.
Big ships pinch Panama Canal revenues.More on this story here.
MOVING OFFSHORE WITH CHILDREN?
How to help “mini-expats” make the transition when your family moves.Advice here.
NANNY U.S. CONGRESS RESTRICTS YOUR CREDIT CARDS
WASHINGTON: The House votes to ban use of your credit card for Net gambling. What next, prohibition of cards for booze, cigarettes?More on this story here.
U.S. WEAKENS OFFSHORE INVESTOR PROTECTION
Law change cuts protection against foreign expropriation.More on this story here.
DOLLARIZATION IN LATIN AMERICA
SAN SALVADOR: El Salvador learns to love the greenback.More on this story here.
SOUTH AFRICAN INVESTORS PLEASED
JOHANNESBURG: Survey claims foreign investors satisfied.More on this story here.
IRS EMPLOYEE IMPRISONED FOR IDENTITY THEFT
Who can you trust? Not the IRS!More on this story here.
BRITISH BANKS FALL PREY TO SWINDLERS
LONDON: The Nigerian fraud rolls on.More on this story here.
GOVERNMENT WEALTH CONFISCATION
It is what governments do and always have done, say Thomas Sowell.More on this story here.
U.S. REJECTS ANY WORLD CRIMINAL COURT JURISDICTION
Government says it will not submit any Americans to new court.More on this story here.
COMPUTER PRIVACY & SECURITY
Check out "Dewie the e-Turtle." He works for the government.More on this story here.
CATO WEB SITE WINS HIGH PRIZE
We often use LINKS to the Cato Institute web site; here's why.More on this story here.
|Previous||News Digest Index||Next|
|Back to top|